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On January 1,2015,Gatewood Collected $8,200 of Accounts Receivable

Question 129

Multiple Choice

On January 1,2015,Gatewood collected $8,200 of accounts receivable.As a result of this transaction,Gatewood's working capital will:

A) Increase.
B) Decrease.
C) Remain the same.
D) Cannot be determined.

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